Pepperstone's revenue explained
These are the direct costs you pay when you trade with us. We focus on reliability and clarity, no hidden mark-ups or surprises.
Spreads
Spreads are the difference between the bid (sell) and ask (buy) price of a tradable market. They’re built around the current market price of an asset and vary depending on market conditions. We charge spreads as part of the price you trade at, so you can see it clearly at the point of execution. With our Razor account, you can enjoy raw spreads on FX CFDs starting from 0.0pts and on Spot Gold (XAU/USD) CFDs, from 0.08pts.¹
Example
If the underlying market (mid) price for EUR/USD is 1.13500 and the spread is 0.5 points, the prices shown on the platform would be:
Sell (bid) price: 1.134975
Buy (ask) price: 1.135025
The spread is built into these prices and represents the cost of entering the trade. You’ll always buy slightly above the market price and sell slightly below it.
Commission
Commission is a fixed fee you pay to execute a trade, depending on your account type and the asset. On both our Standard and Razor accounts, you’ll pay commission when trading CFDs on shares, ranging from 0.07% to 0.20% per side. When trading FX and Spot Gold CFDs on a Razor account, you’ll also pay fixed commissions from $3.50 per lot, per side.
Overnight funding (swap rates)
Swap rates are the industry-standard interest rates you pay or earn when you hold a position overnight. If you keep a trade open past 5 pm New York time, an adjustment is made to reflect the cost of rolling your position to the next trading day. The exact amount depends on the asset, interest-rate benchmarks, and other market factors.
Commission
Commission is a fixed fee you pay to execute a trade, depending on your account type and the asset. On both our Standard and Razor accounts, you’ll pay commission when trading CFDs on shares, ranging from 0.07% to 0.20% per side. When trading FX and Spot Gold CFDs on a Razor account, you’ll also pay fixed commissions from $3.50 per lot, per side.
Overnight funding (swap rates)
Swap rates are the industry-standard interest rates you pay or earn when you hold a position overnight. If you keep a trade open past 5 pm New York time, an adjustment is made to reflect the cost of rolling your position to the next trading day. The exact amount depends on the asset, interest-rate benchmarks, and other market factors.
Overnight funding (swap rates)
Swap rates are the industry-standard interest rates you pay or earn when you hold a position overnight. If you keep a trade open past 5 pm New York time, an adjustment is made to reflect the cost of rolling your position to the next trading day. The exact amount depends on the asset, interest-rate benchmarks, and other market factors.
Commission
Commission is a fixed fee you pay to execute a trade, depending on your account type and the asset. On both our Standard and Razor accounts, you’ll pay commission when trading CFDs on shares, ranging from 0.07% to 0.20% per side. When trading FX and Spot Gold CFDs on a Razor account, you’ll also pay fixed commissions from $3.50 per lot, per side.
Why our pricing model works for you
Built to support confident and competitive trading you can trust.
Transparent fees
You can plan and execute your trading strategy with confidence. No surprises or hidden charges.
Cost-efficient trading
Our tight spreads backed by fast execution speed give you seamless access to global markets.
Aligned interests
It is your trading activity and satisfaction that drive our success, not your losses.
Transparent fees
You can plan and execute your trading strategy with confidence. No surprises or hidden charges.
Cost-efficient trading
Our tight spreads backed by fast execution speed give you seamless access to global markets.
Aligned interests
It is your trading activity and satisfaction that drive our success, not your losses.
Transparent fees
You can plan and execute your trading strategy with confidence. No surprises or hidden charges.
Cost-efficient trading
Our tight spreads backed by fast execution speed give you seamless access to global markets.
Aligned interests
It is your trading activity and satisfaction that drive our success, not your losses.
Transparent fees
You can plan and execute your trading strategy with confidence. No surprises or hidden charges.
Cost-efficient trading
Our tight spreads backed by fast execution speed give you seamless access to global markets.
Aligned interests
It is your trading activity and satisfaction that drive our success, not your losses.
Is my money safe with Pepperstone?
Your safety is our top priority, and we take every step possible to protect your account and your funds.
Segregated client funds*
Your funds are held separately from Pepperstone’s own money and can’t be used for business.
Risk-management tools
We provide tools like stop-losses and take-profits, to help manage risk, though they do not guarantee the prevention of losses.
Global regulation
Pepperstone is licensed and regulated in seven major jurisdictions, meeting strict standards for client protection.
Data encryption
Our platforms use ISO 27001 and 256-bit SSL encryption to protect your data.
Local support
Our local support teams are available to provide timely assistance with your accounts and funds.
Segregated client funds*
Your funds are held separately from Pepperstone’s own money and can’t be used for business.
Risk-management tools
We provide tools like stop-losses and take-profits, to help manage risk, though they do not guarantee the prevention of losses.
Global regulation
Pepperstone is licensed and regulated in seven major jurisdictions, meeting strict standards for client protection.
Data encryption
Our platforms use ISO 27001 and 256-bit SSL encryption to protect your data.
Local support
Our local support teams are available to provide timely assistance with your accounts and funds.
* Under certain regulatory frameworks, professional clients may agree to specific arrangements, including title transfer, that allow funds provided for trading or margin purposes to be used for hedging and risk-management activities. These arrangements are fully explained in the relevant Terms and Conditions. Retail client funds are always held in segregated accounts and are not subject to these arrangements.
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1 Commission fee applies to FX CFDs.
*Data for the Pepperstone Group, correct as of 1 March 2026.